It has come to the attention of the Danish Financial Supervisory Authority (FSA) that a clone firm is misusing the name of the Danish firm Linconomy ApS to offer investment services.
The clone firm uses the name Linconomy Invest and has the website www.linconomyinvest.com. However, the company has no authorisation to operate as an investment firm in Denmark.
If you use an investment platform without a license to trade financial instruments, you are not ensured investor protection. This means, among other things, that investors cannot issue a complaint to The Danish Financial Complaint Board and that the investments are not covered by the Danish Guarantee Fund. Thus, it is unlikely that you will get your money back if things go wrong.
The Danish FSA's business register contains information on which companies are authorised to offer financial services in Denmark. The Danish FSA's website also contains information on identifying fraud companies and how to avoid them, under Avoid fraud.